KLOD is 18335, look for NAZ to rotate 30 points above/below KLOD prior to break out. Pattern has been O/N drop (18312 O/N low) and pop into Open or near with O/R drop retest and sideways until Close. 18350-320 may be Open Range today. Friday Long play through Monday is also a pattern with sell off near or during Tuesday Reg Session. Orange Zones below are FA's and can be easy drop targets. Use MA's for entry/targets, I will update on Teams.
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Looking for a pattern break up today and during the Reg Session. We have a long runway lower and it is a matter of time before we see a decent drop test. The NAZ is 10% above the November 2021 high. Not real impressive if you deduct the fact the half or more points came with fake PA and in the middle of the night. BTD/FOMO Forever (for your 10% gain. over 2 years).
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KLOD is 18241, typo above. 18335 is KL.
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Notice the 100 point range, most moves are 100 points and this has been a consistent fact for months.
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O/N will retest 335 KL and pop or drop, here after 325 hold
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50-65 is next TZ, no pass look short for PB to O/N Low.
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AAPL will bring this index lower if it keeps this up.
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Look for Divergence on IDS and Good Luck today.
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Just watch the Long Trap today, Friday's Volume was OK and the lift up in the Dead Zone was typical and looks like a Drop Offset. The next move should be a drop retest to confirm any support or strength here. I do not see any real strength by way of the lift up.
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50-60 TZ and now Near O/N low
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Notice how the NAZ cab barely move up during the Open Drive, it will need to get to the Dead Zone or O/N to lift.
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DZ stall out or any stall out is stronger short. BTD/FOMO Forever (During the O/N, only).
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310 is O/N low and rejecting the NAZ, watch pop or drop here
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288-310 is the range to watch for hold and no hold will try KLOD or FA's below.
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Back later, just need to wait out the DZ lift and look for stall out.
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PA is pretty slow and may show some whippy tricks up prior to a drop, otherwise just short this garbage.
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Just thoroughly impressed with how they got the NAZ to this level, just amazing. That party is or is close to being over.
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Watch the crazy Short Shake outs here at 18315
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320-220 may be a move under 18325
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NAZ is staying in 40 range since Open, big move on the way and use a stop if you think it is Long.
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Sorry folks, trading appears to have died. What is going on?
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TSLA -7%, GOOG -3.3%, AAPL -2.8% with NVDA up 4.5% and BTC up 6.6%, these offset and the view is with the break of these as they stop equaling out, that is next direction.
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18340-50 is target no turn, no turn is key during DZ or before close (up up up) and a turn a that may be the signal for a drop.
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Shorting the NAZ is usually not this difficult, TOTAL Rig Job and should break way before Close. If Not the Close to O/N will just prop it back up and we can do this again during the 1st 15M of Open, and that is it. Balance of day's have been sideways to up.
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Current 18300 move is major and follow as then NAZ has tested and rested in the 40-50 point sideways channel/range.
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NAZ under TL and in Mid Channel
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18310-20 break is 350-365 test and no pass is 270-40 KLOD
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Getting near the close/overnight so look Long above KL 18310 O/N Low.
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9am pop to 30-35 was set up drop, this one may run since near the close / O/N
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Rigged
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Anyway, the DZ/ O/N Long only pattern will break and many will get caught. Today looks like a normal Monday and lets take a look at Close, O/N and Tuesday Open Range/Drive.
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AAPL/GOOG are now 2.5% lower and BTC/NVDA are still up, May be slight bounce are move to set up exit. With O/N next it may not matter until Near The Open, Tomorrow.
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Here we go, some actual movement. What is this all about?? And not up
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Yellow brick road lower or O/N Rig POP.
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Today was a Classic and good Short Shake Out, O/N may be off tonight with a move higher.
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FA Gone and KLOD next, then O/R of Friday. Now you know why Friday had the drop/offset play. Friday levels may be retested (O/N or Tuesday).
Trade closed manually:
NAZ does close near the KLOD (Key Level of the Day) 12841, good to see some real movement and a move lower in final hour. Old Fashioned PA may be back?
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Yellow Brick Road HIT
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BTD/FOMO